Applicant

In the context of financial markets and IPOs, an Applicant refers to an individual or entity who submits a bid or application to subscribe to shares, bonds, or other securities during a public offering. In India's IPO process regulated by SEBI, applicants are categorised as Retail Individual Investors (RIIs applying for up to ₹2 lakh), Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs). The applicant must have a valid demat account, PAN card, and linked bank account to successfully participate in the allotment process through platforms like Ventura.